Consolidated Water Co. Ltd. First Quarter Earnings More Than Double on 53% Revenue Increase

Consolidated Water Co. Ltd. (CWCO) reported record revenues and earnings for the first quarter of 2006. For the quarter ended March 31, 2006, total revenue increased 52.6% to approximately $9.2 million, compared with approximately $6.1 million in the first quarter of 2005. Net income increased 124% to $3,078,011, or $0.24 per diluted share, versus $1,374,051, or $0.115 per diluted share, in the quarter ended March 31, 2005. [ more ]